BIS could have done more to convey capital benefits – Caruana

Outgoing general manager says he would like to have better conveyed “positive message” around capital

Jaime Caruana
Daniel Hinge

The Bank for International Settlements could probably have done more to convey a “positive message” about the benefits of capital, outgoing general manager Jaime Caruana has said.

“In the debate about regulation, probably we have not been able to convey the full trade-off between regulation and growth,” Caruana says during an interview in Basel.

“Sometimes [a higher level of] regulatory capital is perceived as opposed to growth, but what we know is the opposite,” he says. “There is empirical

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